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From: | "David Reid" <aspex@ix.net.nz> |
Date: | Mon, 29 May 2000 12:57:12 +1200 |
Except for GPG, I confess to not being a follower
of the listed shares.
In looking more deeply into GPG, I found that for
1997 year at least this share relied upon "exceptional' to post any profit at
all. It would not qualify for a PEG and would be rejected under the strictest
conditions. GPG is not favoured by overseas fund managers at all.--Only Merrill
Lynch has any significant interest.
This is not to say that GPG is not a good growth
share and its most recent investment actions are much more encouraging than in
recent years (despite Tyndall sale)
It would be interesting to examine the
"exceptionals" for other companies. As an example, has not the Warehouse changed
its policy over the ownership of its occupied property.
David Reid
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